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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Online car dealer Cazoo collapses into administration putting 200 jobs at risk

Cazoo Alex Chesterman Teneo Netflix United Kingdom United States Zoopla
an illustration incorporating the red Cazoo brand sign with figurines of a car and people silhouetted in the foreground
Administrators at Teneo have been appointed to the business, which was founded by Alex Chesterman, the entrepreneur who also launched Zoopla and Netflix forerunner LoveFilm. Photograph: Dado Ruvić/Reuters

The online car dealer Cazoo, which was once valued at $8bn (£6.3bn), has collapsed into administration, putting 200 jobs at risk.

Administrators at Teneo have been appointed to the business, which was founded by Alex Chesterman, the serial entrepreneur who also launched property site Zoopla and Netflix forerunner LoveFilm.

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